Canadian Apartment Correlations
| CAR-UN Stock | CAD 45.85 0.24 0.53% |
The current 90-days correlation between Canadian Apartment and Allied Properties Real is 0.53 (i.e., Very weak diversification). The correlation of Canadian Apartment is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Canadian Apartment Correlation With Market
Average diversification
The correlation between Canadian Apartment Properties and DJI is 0.16 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Canadian Apartment Properties and DJI in the same portfolio, assuming nothing else is changed.
Canadian |
The ability to find closely correlated positions to Canadian Apartment could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Canadian Apartment when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Canadian Apartment - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Canadian Apartment Properties to buy it.
Moving together with Canadian Stock
| 0.73 | AEMC | Alaska Energy Metals | PairCorr |
| 0.76 | CMC | Cielo Waste Solutions | PairCorr |
| 0.69 | EOG | Eco Atlantic Oil | PairCorr |
Moving against Canadian Stock
Related Correlations Analysis
| 0.53 | 0.09 | 0.6 | 0.18 | AP-UN | ||
| 0.53 | 0.72 | 0.84 | 0.72 | GRT-UN | ||
| 0.09 | 0.72 | 0.76 | 0.97 | BEI-UN | ||
| 0.6 | 0.84 | 0.76 | 0.8 | HR-UN | ||
| 0.18 | 0.72 | 0.97 | 0.8 | IIP-UN | ||
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Risk-Adjusted Indicators
There is a big difference between Canadian Stock performing well and Canadian Apartment Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Canadian Apartment's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| AP-UN | 1.14 | (0.01) | (0.03) | 0.11 | 1.48 | 2.63 | 9.05 | |||
| GRT-UN | 0.90 | (0.04) | (0.11) | 0.01 | 1.12 | 1.85 | 4.77 | |||
| BEI-UN | 0.95 | (0.30) | 0.00 | (0.84) | 0.00 | 1.66 | 5.05 | |||
| HR-UN | 0.84 | (0.12) | 0.00 | (0.14) | 0.00 | 1.94 | 4.58 | |||
| IIP-UN | 1.02 | (0.26) | 0.00 | (1.71) | 0.00 | 2.26 | 6.84 |
Be your own money manager
Our tools can tell you how much better you can do entering a position in Canadian Apartment without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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Canadian Apartment Corporate Management
Elected by the shareholders, the Canadian Apartment's board of directors comprises two types of representatives: Canadian Apartment inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Canadian. The board's role is to monitor Canadian Apartment's management team and ensure that shareholders' interests are well served. Canadian Apartment's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Canadian Apartment's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Archna Sharma | Executive Compliance | Profile | |
| Tom Penney | Resident Manager | Profile | |
| Julian Schonfeldt | Chief Officer | Profile | |
| Nick Savino | Senior Operations | Profile | |
| Larry Greer | Senior Affairs | Profile | |
| Clayton Yeung | Senior Accounting | Profile | |
| Jodi Lieberman | Culture People | Profile |